London, 7 May, 2013, Gresham Computing plc, a leading provider of transaction control solutions to international financial institutions and corporates, today announced that it is expanding its presence in Australia with new regional headquarters in Sydney at 1 Pacific Highway, as well as a new office in Melbourne. The move to new premises in Sydney and new office in Melbourne reflect the growth that Gresham is seeing in the region. Revenues in Australia have increased by over 25% year on year with further growth expected throughout 2013.
Gresham is seeing strong interest in its flagship Clareti Transaction Control (CTC) solution from banks and financial institutions across the region as they look to put in place real-time transaction controls to reduce operational risk, and also to improve and expand the services they offer to customers. A key factor in this interest is the ability with CTC to rapidly on-board existing and emerging reconciliations onto a robust, best in class enterprise wide control platform to counter existing and emerging risks. This contrasts with existing ‘point’ solutions that are inflexible and which lack the integrity of purpose-built productised platforms.
“There is strong interest in CTC right across the Asia Pacific region - both from investment banks looking to implement real-time transaction controls, as well as from corporates seeking receivables matching solutions,” said Tom Olsson, Managing Director, Gresham Computing Asia Pacific. “We are firmly committed to investing and growing our presence in the region – by expanding our footprint and investing in new people. We are delighted to have significantly grown our team in Australia on the back of our successful partnership with ANZ and look forward to further growth throughout 2013.”
About Clareti Transaction Control
Gresham’s Clareti Transaction Control solution (CTC) enables customers to quickly and accurately identify and resolve operational risks, reduce financial transaction loss events, optimize business performance, and comply with regulatory requirements. Gresham’s approach allows real-time, business driven controls to be put in place as soon as a new financial product is created. This means any errors can be identified and rectified from the start (T+0), preventing potential discrepancies or loss events. Unless controls are put in place at the beginning, errors will often only come to light much later in the transaction lifecycle, for example, after the trade has been completed and an error is identified during the nostro reconciliation process.
Based on the latest technology, Gresham’s solution offers maximum flexibility and adaptability to respond to changing needs. This is in complete contrast to legacy hard-coded systems which are cumbersome, costly and time consuming to change.
About Gresham Computing
Gresham Computing plc is a leading provider of software solutions to international financial institutions and corporates and is listed on the main market of the London Stock Exchange (GHT.L). We service over 100 major blue-chip customers, many of whom have been customers for over thirty years. Our customers include several of the world’s largest financial institutions, served locally from offices located in Europe, North America and Asia.
Further information can be found at www.www.greshamtech.com or follow us on Twitter @Greshamplc
For more information contact:
Chris Errington, CEO
T: +44 20 7653 0200
Tom Olsson, Managing Director, Asia Pacific
T: +61 (0)2 8514 7007
For press enquiries contact:
E: Nicole Angerone McLeod
T: +44 20 3100 3560